Bakery-IL is Tezos Israel’s Official Baking Partner

What is "Baking"?

Baking is how blocks are produced and validated on the Tezos blockchain. To bake blocks, you need to take part in the Tezos "Liquid" Proof-of-Stake system, which requires a minimum of 8,000 XTZ (1 roll). Bakers can generate revenue from the blocks they bake. The more XTZ you own, the higher your chances are at baking blocks and earning baking rewards.

What is "Delegating"?

If someone does not have 8,000 XTZ or does not want to bake blocks, they may delegate their coins to a baker (aka "delegate"). Delegating lets coin holders (i.e. "delegators") "lend" their coins to a baker, giving the baker a higher probability of being selected to bake and endorse blocks. In practice, bakers usually share the additional revenue generated from the delegated tokens with the coin holder.

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